Judgement

The Karnataka High Court ruled that genuine tax exemption claims should not be denied due to technical errors, condoning the delay in filing the ITR for AY 2017-18.

ITR Delay Condoned: Karnataka High Court Protects Trust's Legitimate Tax Exemption Rights

Tribunal removes non-comparable entities, directs recomputation of transfer pricing adjustment for assessee relief

ITAT Excludes Government and Diversified Entities as TP Comparables, Grants Relief

Reopening u/s 147 held invalid where material originates from search on another entity; entire reassessment set aside

ITAT Holds Section 153C Prevails Over Section 147 in Search-Based Reopening Cases

The High Court of Karnataka directed the Bengaluru PCIT to consider the petitioner's delay-condonation plea under Section 119(2)(b).

Communication Quashed After PAN Jurisdiction Change: Bengaluru HC Grants Relief

News

Taxpayers must complete key investments, maintain savings accounts, and submit proof documents before March 31 to avoid penalties.

March 31 Deadline: Three Crucial Financial Tasks You Must Complete Now

Articles

As per Section 51 of the Banking Regulation Act, 1949, banks and banking institutions that fall under this category are still considered "banking companies" under the new Income-tax Act, 2025.

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ITR Delay Condoned: Karnataka High Court Protects Trust's Legitimate Tax Exemption Rights

ITAT Excludes Government and Diversified Entities as TP Comparables, Grants Relief

ITAT Holds Section 153C Prevails Over Section 147 in Search-Based Reopening Cases

Communication Quashed After PAN Jurisdiction Change: Bengaluru HC Grants Relief

March 31 Deadline: Three Crucial Financial Tasks You Must Complete Now

Income Tax Dept Provides Clarification Regarding TDS Exemption on Interest Payments by Banking Institutions